Power Grid India which created history for generating the highest demand during its IPO in the history of Indian Capital market had a very electrifying debut on the bourses today. The stock listed at a premium of 70% and is currently traded at Rs 106 or up by 104%.
Power Grid Corporation of India owns and operates most of India’s interstate and inter-regional electric power transmission system. In that capacity, as at June 30, 2007 the company owned and operated 61,875 circuit kilometres of electrical transmission lines and 106 electrical substations. In fiscal 2007, it transmitted approximately 298 billion units of electricity, representing approximately 45% of all the power generated in India.
Congratulations to all the retail investors. The Power sector has been re-rated along with Energy stocks. Book Partial profits and hold this stock for Long Term.